The start of Sepember had lots of opportunities but the last two weeks were very flat.

Next week I want to make a few changes

Daily ratings

In Trading View at the start of each day I want to rate each chart out of 5. 1/5 means don’t do anything 2/5 means look for a significant pullback and get in at support 3/5 means to look for a pullback before entering. Also move up to break even soon after getting in 4/5 and 5/5 means to get in at the 50 or 100

Using larger MA’s

I’ll start doing small positions on the 200MA and looking to hold until 10:1 while moving stop up. The idea is that you just need one 10:1 a month to hit 10% return if 1% risk.

Moving up to break even again

I haven’t been doing this much lately but I think it’s key to making good, consistant returns. on 4/5 and 5/5 positions I don’t need to but everything else should have a tight stop. Why? because in my backtesting there’s little difference in win rate between a 3:1 and a 1:1 risk reward where risk is 1xATR. This means that once something starts moving in your direction, it’s unlikely to whipsaw back excepts as part of a larger reversal.

Stocks

I want to start buying small positions in stocks that are popping up above the 50 and 100 MA’s with clean graphs. The returns arent great but maybe coupled with dividends it could be good.

Scaling in

My experiments with buying half at the breakout of the 50 and the other half at the end of the hour didn’t go well. Apart from the choppy action it was hard to get to full size - you always feel like you’re buying too high. I had a lot of entries that went against me as soon as I entered so maybe just a bad week for it.

US Opening.

taking signals on the first hour or two of the US session isn’t that good. It’s actually better to wait until the next morning. Same with first hour of Australian session with AUS200.

Trading activity

You shouldn’t really be entering a trade more than 3 times a day with a single ticker. Really most of the time if you take a loss once, that should be it for the day. It does mean you get shaken out of a few winners but the cost of being active throughout a choppy period is too high.

full $10 positions.

I’m going to take $10 risk on all positions from now on (except gold).